The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Tuesday, September 19, 2017
Amazon to Build New Fulfillment Center in North Portland
Amazon announced that it will build a new fulfillment center in North Portland that will create 1,000 new jobs. The fulfillment center will be located in the Rivergate Industrial District, north of the St. Johns neighborhood near Kelley Point Park. The large site will facilitate the packing and shipping of larger items, and Amazon also hopes it will help the company reduce shipping times within the metro area. The 918,400 square foot site is being developed by Trammell Crow Co. and Clarion Partners, and is part of a designated enterprise zone. Amazon is also planning to open facilities in Salem and Troutdale, which are likely to employ 2,500 full-time workers in total. Warehouse jobs such as the ones that will be coming to North Portland typically pay $13-$23 per hour, and Amazon's warehouse workers are eligible for the same benefits package as other company employees. Amazon also announced last week that it is scouting locations for its new HQ2. While Portland is involved in the competition, its proximity to Seattle makes it an unlikely choice. Read more.